There is no other course like this one in RSA! Sign up now! This is a recording of the course
Please note this course is chargeable at R499inc per person! on completion we will send the quiz to generate the CPD certifcate!
PRACTICAL ASPECTS IN RUNNING A TAX COMPLIANCE PRACTICE – AND WHATS NEW FOR 2018
Please join me for this 7 hour webinar which we will run in two 3,5 hour sessions on Thursday 21st and Friday 22nd June 2018. There will also be a classroom based course in our Johannesburg office on 20 June 2018.
This webinar will be recorded so in the event that you cannot make the dates you will be in a position to run the video recording at your convenience.
This webinar is suitable for all Tax Practitioners and Tax Practitioner assistants whether they run our tax systems or not and whether they run a manual tax department or a competitive system as the emphasis is on procedure, processes and compliance. We welcome practitioners who run competitive systems.
A full set of notes will be given as well as a CPD certificate for attendance.
You will also have an opportunity to complete a risk control questionnaire and evaluate your own tax department.
You will also have free access to the best of our webinars that we ran over the last year.
Once you have completed the form below and made payment, a tax invoice will be sent to you. Please note every person must complete the form if you wish to attend. Payments can be made on line after you have completed the form!
BACKGROUND
The necessary components to run a successful back office system in a tax compliance tax practice will be discussed. Background to automated back office systems and how the Tax Administration Act changes everything. Why your accounting practice is tax-centric and why you have to make your tax practice risk averse as well as make it profitable.
COMMUNICATING WITH YOUR CLIENTS
Proper communication with your clients is key to running a successful risk averse practice. In this section I will give you all the do’s and don’ts of communicating with your clients. I will also be introducing a new concept of digital signatures and how this will go a long way to tracking and controlling communications with your taxpayer clients. Examples of letters will also be provided as part of your notes. We will provide full samples of all the necessary letters
PAPERLESS OFFICE
Why your tax practice needs to be paperless. The tools you need to make it paperless, efficient and profitable.
PROVISIONAL TAX PROCESSES
I will discuss in detail all the provisional tax processes from interpretation notes to the actual law. I will deal with the practical difficulties you will encounter! All the penalties and how to get them waived. Other aspects 1st 2nd and 3rd payments, 8% increase, who is liable, the timing problems, estimates, why you need an automated system. Payments and timing. The difference between practice and theory. Most important of all is the risk aversion procedures that you need to take care of whether you use a manual or automated system. I will deal with the latest interpretation notes and various comments presented.
TAX RETURN PRODUCTION
I will discuss the new ITR12, ITR14 and ITR12 trust returns which will include changes to the 2017 tax returns. Comparisons between SARS efiling and producing tax returns on a back office system. Managing the submission process and the most important things that need to be done first. Using task management as risk control. Retrieving assessments and correspondence. Measurements of your progress throughout the tax year.
EXERCISE OF DISCRETION IN CASE OF LATE OBJECTION OR APPEAL
I will discuss the draft interpretation note on this aspect as I think many Tax Practitioners are falling foul in regard to not been able to make objections in time and the draft paper deals with the mechanism on how to get around this, resulting in notices not being received and errors on the website. There will be a evaluation of this aspect in your practice to see the effect on your cost.
STATEMENT OF ASSETS ON AN ITR12
Detailed discussion on how this works and why this is so important and reasons why you should do this to reduce your risk and how you are in fact protecting your clients.
REDUCING RISK EXPOSURE IN A TAX PRACTICE
The steps you need to take in order to reduce your risk exposure. Letter writing and producing a proper engagement or mandate letter. Signing of tax returns – who needs to sign a return. Potential liability that could be incurred by a Tax Practitioner. E filing terms and conditions and some important history of e Filing. You will receive the latest mandate letter for your use.
DIGITAL SIGNATURES
We will discuss the basic requirements of Digital Signatures and why this becomes so important in a paperless office and how it can be used successfully in an integrated back office system.
Please Note Where it is necessary to illustrate something with an application I will be making use of Sky Tax.
Please join me for this 7 hour webinar which we will run in two 3,5 hour sessions on Thursday 21st and Friday 22nd June 2018. There will also be a classroom based course in our Johannesburg office on 20 June 2018.
This webinar will be recorded so in the event that you cannot make the dates you will be in a position to run the video recording at your convenience.
This webinar is suitable for all Tax Practitioners and Tax Practitioner assistants whether they run our tax systems or not and whether they run a manual tax department or a competitive system as the emphasis is on procedure, processes and compliance. We welcome practitioners who run competitive systems.
A full set of notes will be given as well as a CPD certificate for attendance.
You will also have an opportunity to complete a risk control questionnaire and evaluate your own tax department.
You will also have free access to the best of our webinars that we ran over the last year.
Once you have completed the form below and made payment, a tax invoice will be sent to you. Please note every person must complete the form if you wish to attend. Payments can be made on line after you have completed the form!
BACKGROUND
The necessary components to run a successful back office system in a tax compliance tax practice will be discussed. Background to automated back office systems and how the Tax Administration Act changes everything. Why your accounting practice is tax-centric and why you have to make your tax practice risk averse as well as make it profitable.
COMMUNICATING WITH YOUR CLIENTS
Proper communication with your clients is key to running a successful risk averse practice. In this section I will give you all the do’s and don’ts of communicating with your clients. I will also be introducing a new concept of digital signatures and how this will go a long way to tracking and controlling communications with your taxpayer clients. Examples of letters will also be provided as part of your notes. We will provide full samples of all the necessary letters
PAPERLESS OFFICE
Why your tax practice needs to be paperless. The tools you need to make it paperless, efficient and profitable.
PROVISIONAL TAX PROCESSES
I will discuss in detail all the provisional tax processes from interpretation notes to the actual law. I will deal with the practical difficulties you will encounter! All the penalties and how to get them waived. Other aspects 1st 2nd and 3rd payments, 8% increase, who is liable, the timing problems, estimates, why you need an automated system. Payments and timing. The difference between practice and theory. Most important of all is the risk aversion procedures that you need to take care of whether you use a manual or automated system. I will deal with the latest interpretation notes and various comments presented.
TAX RETURN PRODUCTION
I will discuss the new ITR12, ITR14 and ITR12 trust returns which will include changes to the 2017 tax returns. Comparisons between SARS efiling and producing tax returns on a back office system. Managing the submission process and the most important things that need to be done first. Using task management as risk control. Retrieving assessments and correspondence. Measurements of your progress throughout the tax year.
EXERCISE OF DISCRETION IN CASE OF LATE OBJECTION OR APPEAL
I will discuss the draft interpretation note on this aspect as I think many Tax Practitioners are falling foul in regard to not been able to make objections in time and the draft paper deals with the mechanism on how to get around this, resulting in notices not being received and errors on the website. There will be a evaluation of this aspect in your practice to see the effect on your cost.
STATEMENT OF ASSETS ON AN ITR12
Detailed discussion on how this works and why this is so important and reasons why you should do this to reduce your risk and how you are in fact protecting your clients.
REDUCING RISK EXPOSURE IN A TAX PRACTICE
The steps you need to take in order to reduce your risk exposure. Letter writing and producing a proper engagement or mandate letter. Signing of tax returns – who needs to sign a return. Potential liability that could be incurred by a Tax Practitioner. E filing terms and conditions and some important history of e Filing. You will receive the latest mandate letter for your use.
DIGITAL SIGNATURES
We will discuss the basic requirements of Digital Signatures and why this becomes so important in a paperless office and how it can be used successfully in an integrated back office system.
Please Note Where it is necessary to illustrate something with an application I will be making use of Sky Tax.